Numerai
| Company type | Private |
|---|---|
| Industry | Hedge fund, Artificial intelligence |
| Founded | October 2015 |
| Founder | Richard Craib |
| Headquarters | San Francisco , United States |
Key people | Richard Craib (Founder) |
| Products | AI-driven investment strategies, crowd-sourced data science models |
Numerai is a San Francisco-based hedge fund that utilizes AI and crowd-sourced methodologies. Established in October 2015 by South African technologist Richard Craib, Numerai employs AI algorithms developed by a global network of anonymous data scientists. The company distributes cleaned and standardized time-series datasets consisting of millions of records and 1191 variables, with the objective of forecasting the likelihood of positive investment returns.
Prominent backers of Numerai include Paul Tudor Jones, Naval Ravikant, and Howard Morgan from Renaissance Technologies. Since its launch, Numerai has consistently generated positive performance. Bloomberg reports that in 2022, the fund secured $100 million in capital inflows and achieved a 20% return for its investors, despite facing a challenging market environment that notably affected cryptocurrencies.